For example, you might want your money to go towards providing medical equipment, food and clothing, or towards funding journalism on the ground. Data provided often includes proportion of funds going to administration costs, fundraising and programs.Įven within an urgent need category, such as “helping Ukraine,” there are many ways in which organizations are responding, and some goals may call out to you more strongly than others, says Levin. These sites can help you understand how donations are being spent. For example, Charity Navigator has a zero- to five-star rating system that corresponds to how confidently it has determined you can give to an organization. The assessments are outlined in easy to understand ways. Nonprofits are evaluated on elements including transparency, financial health and effective use of funds. Their assessments are available online for free. There are a number of organizations that rate nonprofits, including Charity Navigator and Candid. For more details you can look at an organization’s 990 tax form which provides an overview of activities, governance and financial information, including executive salaries. Check that an organization has a 501(c)(3) designation - a tax category for nonprofit organizations exempt from federal income tax.
Go to the IRS site and click on “Charities and Nonprofits”, on the top right-hand side of the page and search by name or EIN (employer identification number). US charities have to register with the IRS. The UBS Family Advisory and Philanthropy Services group*, and UBS Financial Advisor Ed Levin highlight a few simple things you can do as part of your selection process, to help you feel confident about your giving.
Many of us currently feel an urgent need to contribute, but may be paralyzed by not knowing which organizations to support.
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